US Solar Fund (LSE:USF) Graham Number: $N/A (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LSE:USF US Solar Fund PLC LSE:USF
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Price $0.35
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What is US Solar Fund Graham Number?

US Solar Fund LSE:USF -7.98% 40 Graham Number is $N/A as of Dec. 2025. GuruFocus rates LSE:USF with a GF Score™ of 40/100. The stock has 3 warning signs investors should review. Among 275 Utilities - Independent Power Producers companies, US Solar Fund ranks worse than 363636% on this metric.

Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.

As of today (2026-07-25), the stock price of US Solar Fund is $0.346. US Solar Fund's graham number for the quarter that ended in Dec. 2025 was $N/A. Therefore, US Solar Fund's Price to Graham Number ratio for today is N/A.

The historical rank and industry rank for US Solar Fund's Graham Number or its related term are showing as below:

During the past 7 years, the highest Price to Graham Number ratio of US Solar Fund was 7.00. The lowest was 0.86. And the median was 1.31.

LSE:USF's Price-to-Graham-Number is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 1.12
* Ranked among companies with meaningful Price-to-Graham-Number only.

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


US Solar Fund  (LSE:USF) Graham Number Explanation

Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:

Current price should not be more than 15 times average earnings of the past three years.

Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)

Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.

In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.

US Solar Fund's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=0.346/N/A
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Please keep these in mind:

1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.


US Solar Fund Graham Number Related Terms


US Solar Fund Graham Number Historical Data

* Premium members only.

The historical data trend for US Solar Fund's Graham Number can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

US Solar Fund Graham Number Chart

US Solar Fund Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial 1.07 0.98 0.00 0.00 0.00

US Solar Fund Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 11.03 0.00 7.35 0.00

US Solar Fund Graham Number Competitor Comparison

For the Utilities - Renewable subindustry, US Solar Fund's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


US Solar Fund Price-to-Graham-Number vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, US Solar Fund's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where US Solar Fund's Price-to-Graham-Number falls into.


LSE:USF
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US Solar Fund PLC LSE:USF
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US Solar Fund Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

US Solar Fund's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.605*-0)
=N/A

US Solar Fund's Graham Number for the quarter that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.605*0)
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of $N/A mean?
US Solar Fund (LSE:USF) has a Graham Number of $N/A as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on US Solar Fund and its competitors. Over the past decade, US Solar Fund's Graham Number has ranged from 0.86 to 7.00. According to the industry distribution chart, US Solar Fund ranks #999999 out of 275 companies in the Utilities - Independent Power Producers industry.
Is US Solar Fund's Graham Number too high?
US Solar Fund's current Graham Number is $N/A. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 7.00. Based on the distribution chart, US Solar Fund ranks #999999 out of 275 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, US Solar Fund has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does US Solar Fund's Graham Number compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, US Solar Fund ranks #999999 out of 275 companies for Graham Number. This places US Solar Fund in the lower half of its industry. The industry median Graham Number is 1.12. Historically, US Solar Fund's own Graham Number has ranged from 0.86 to 7.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for an Utilities - Independent Power Producers company?
The median Graham Number among Utilities - Independent Power Producers companies is 1.12, based on 275 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on US Solar Fund and its competitors. For the Utilities - Independent Power Producers industry, the median Graham Number is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. US Solar Fund's current Graham Number is $N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is US Solar Fund stock overvalued right now?
US Solar Fund (LSE:USF) has a current Graham Number of $N/A. The current Graham Number is $N/A. US Solar Fund's overall GF Score™ is 40/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For US Solar Fund (LSE:USF), the current Graham Number is $N/A as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

US Solar Fund Business Description

Address 52 Lime Street, 18th Floor, The Scalpel, London, GBR, EC3M 7AF
US Solar Fund PLC is a closed-end investment trust company. It invests in a diversified portfolio of Solar Power Assets located in North America and other countries forming part of the Organisation for Economic Co-operation and Development (OECD) in the Americas. Its investment objective is to provide investors with attractive risk-adjusted and sustainable dividends, with an element of capital growth, by investing in a diversified portfolio of Solar Power Assets. By investing in Solar Power Assets and selling the output from these assets to energy users, the company directly contributes to renewable energy infrastructure and renewable power generation.
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